hey, there really is some 100 now dads dream, say front pages. they haven't conceded a goal in the tournament so far. it's an exciting young team. so there is some hope that england have a fairly and not so have this paul to the final. there are correspond charlotte chelsea pill there in london, and jonathan craig from d. w. sports here in berlin. thanks to you both. you are watching the w news on terry martin. thanks for being with us. ah, my 1st vice i was a sewing machine. i come from swimming or boned by the oceans or something as simple as learning how to write a bicycle, isn't me, since i was a little girl, i want just to have a bicycle off my old and it took me years to finally gave up and went by and by

cyprus and return because sewing machine going, i suppose it was more appropriate for girls than writing a bite. and now i want to reach out to those woman back home for balance by then social goals and inform them about that basis, right. my name is dave, i don't think and i work i use the germany is out, but england stays in, but it's not the europe closely following the euro's. the beautiful game is big business in china. we talk to our correspondent and chinese ride hailing company. dd raises more than $4000000000.00 and it's new york stock exchange

listing. this is v w business. i'm janelle miller and welcome. so just in case you haven't heard england be germany last night to make it to the quarter finals of the euro 2020 football championship. but it's not just your opinions who are invested in the games in china. the matches are especially popular . the country is football crazy. millions there are following the games and that's especially chinese advertisers looking for opportunities. certainly something that's pretty obvious when looking at the perimeter ads. one can see a lot of chinese brands on show at this tournament, and it's clear who the target audience is. chinese viewers, we have to get up in the middle of the night to watch football. now, so, so how is our corresponding in tie pay? and he joins us now up. we've had an issue. let's just wait a few seconds. very is very good to see you. so can you tell us how do you explain

the great interest within china when it comes to european football? will millions of chinese people watch it last night? it's crazy that how populated in china one way to explain that is the thought could dream of them. chinese presidency, g, p, and chinese people. given the reality of china as long standing flux largest smith and the report in this for president c, he ordered a few of the major reforms to the old soccer system. so the successful european soccer is really what the chinese people want to copy. and the 2nd reason is probably the commercial power and the internet. internet trend sports fans invited by the sponsors to watch the game and pose those out sure, and videos online. post on social media platforms like chinese twitter. and the topic has been read by nearly 100 millions of people. so that's the reason that's all interesting that policy solutions have been found for football in china. but

tell us about the chinese sponsors that you mentioned who are present in this tournament for chinese companies, such as tip top all you pay high sense in vivo among the top sponsors of this year's euro cup. we have probably heard of to talk on the pay already. high cents is known for its home appliances, and vba is the smart phone brand. these names really give us a sense of the rise of chinese companies and brand high standards for example. and now is point to ship of the euro called 2016 when there had never been a chinese company in the 56 year history of this event. it had a great impact, not only on the chinese depot, but also on people in europe and in the united states made in china. it's getting a re brand into the international and inactive power and not to mention the money. so that's a big aspect as well. how great is china financial power when it comes to big

tournaments like these? why can give you 2 numbers in november, 2018, you e, f a and ali pe reach an 8 year global partnership for a national team. events. sources say that the total amount of this contract is more than $200000000.00 euros. while the sponsorship fee for a single euro cup is about $50000000.00 euros. and so many chinese companies there . so you know how great chinese commercial power is? susan hannah is our correspondent anti pe. thank you very much for your time today . staying with china and money. chinese ride hailing company, d. d global brace, $4400000000.00 and it's wall street ip joke reaching a market valuation of over $70000000000.00. it's the biggest chinese ip in the u. s . since alibaba in 2014 and concert companies are rushed to capture the lucrative valuation seen in the us stock market. here to discuss this further,

as our financial corresponded, ashtosh pandey, as your tosh, us investors seem to be back in dd, despite its regulatory troubles back home. why is that? well, investors clearly want to buy all the huge vi healey market in china. where d d is a dominant player and they also bought into it's actually easy ambitions, which are actually quite ambitious. and the fact that it to unprofitable just last quarter was so boarded. well, we all know that not many, right? healing companies are actually posting profit. but you also go to see that not on the board, this company was expected to command evaluation of a $100000000000.00. so this is a case of expectation new to the expectations been exceeded because the offer then the trust issues or concerns on the future growth. profit margins also remain muted

. so these are the concerns, and that's the reason why the prices had to be brought down the ideal price and the low ideal price meant that the deed became all the more attractive for investors. so investors taking the good and the bad together. but do these market debut seems to be happening. i mean, a general ip fever, what's going on? but that's right. yes, there has been and i feel boom, globally. and that's precisely because the central bank and governments have actually get the money tabs on and that has given birth to a legion of retail investors who are looking to buy into their favorite companies. and the companies are more than happy to oblige them just in the 1st 6 months, a record $350000000000.00 us dollars with ace and i p o. and that's, that's a record. and the previous record, by the way, it was the 2nd half of 2020 i p o,

surpassing records. shatara found a in frankfort for us. thank you very much. and to another i p. o, which is also a tale of love and muddy woman. the man woman tells amount of our business plan, woman mary's man, and 9 months later they're having an initial public offering. well ok, it actually took a little longer than my 9 months. but that's essentially the story of now yuki, a tiny bubble, tea chain that's raise $650000000.00, whether listing in hong kong have a look. the move over starbucks, meat, now you keep that chinese bubble. t chain already has 550 stores. what customers sip, the latest asian specialty to find the global fan base. the t is loaded with milk sugar and top yolk up pills, and it's apparently quite addictive. bobbies, i drink 8 to 10 cups of bubble tea in a week when i feel very stress is usually else right to control my diet and have

one every other week. sometimes they haven't no self control. so i come here once or twice a week. now you started after applying date when entropy, nor are paying, she told her date about the idea and the 2 became business partners. that chain prides itself on innovative drinks, fresh ingredients, and a cool cafe. the core to set it apart in china. crowded bubble, tea environment. now yuki has a loyal trout i think it's good for them to go public, but even more than that, i hope there will be other companies with products just as good, but come at a lower price. that would be a good thing. now yuki wants to invest the ip proceed to open another $650.00 stores, even though the company currently burns money. fast analysts are bored. they estimate

shyness, appetite football. tea will grow threefold. with a market reaching over $50000000000.00 annually by 2025. now let's take a look at some other business stories making headlines. new data shows that chinese factory activity stabilized in june, but outputs took a hit that's because of supply shortages of key commodities and micro chips and the corona virus and disclosure of the key part ocean gen. analysts point to demand leveling off as another possible reason for factory activity, nudging down in june. the tourism industry has taken a huge hit from corona virus related, locked down to regulations. a new united nations report sets up the impact since the pandemic emerge could amount to 4 trillion dollars, the world tourism organization, single doubt, developing countries who are highly dependent on international tourism and also struggling to vaccinate their populations. elan mosque says the satellite internet

is a star lane, could have more than $500000.00 customers within a year mosque laid out plans for growing the venture with up to $30000000000.00 of investment. the tesla founders has thoroughly should offer coverage for most of the bulbs by august to northern ireland. now where protecting peace has many new challenges for entrepreneurs around customs controls. e. when british politicians avoid hard border between northern ireland and the republic of ireland to prevent unrest following briggs in northern ireland, now has a special status. but all that has had an impact on the movement of goods between the province and the rest of the u. k. over her most beautiful roses used to come from england, but no nursery owner, beth lunney can only get roses from holland. her customers near belfast prefer the english roses with beautiful names like the dark lady. but northern ireland has had special economic status in specs. it,

it still belongs to the single market and that you have strict regulations to prevent the import of pests. there was a possibility that there might be a splash of so on the part. so that went against the regulations but it's very frustrating when you have been done companies from 2530 years. you know, you're getting excellent variety of plans that your customers will buy. and then you're just suddenly told at a stroke of the pan, sorry you can't have these, you can get them since breaks it. the customs border has been moved to the irish c despite northern ireland, remaining part of the united kingdom at the board of belfast, documents are checked and fresh produce inspected. mark brown runs the arcadia delicatessen in belfast. now in his 3rd generation, he can still get his olives from italy without any problems. but cheese and other fresh produce from britain are a pained to import. many suppliers have decided there's just too many checks and

too much bureaucracy. they've simply canceled those contracts. a lot of them are just sort of walked away from nor now because it's a small market, you know, the problem is the plan rate. people north know and you know, so they decided, you know, just too much hassle. and again, there's a on connelly from the northern ireland retail consortium maintains times with many small business owners like mark brown. their main problem is that they can't afford expensive consultants to guide them through the new bureaucratic jungle. we need a trusted creator stinks to remove some about friction. we need to re agreement to remove a lot of friction immediately. a lot of skipped about the states, but we need the you and you can both can move. but of politicians on both sides fail to reach an agreement, things will get even worse for northern irish companies and the autumn,

temporary policies which regulate fresh food will be done away with. that means even more checks and even higher costs for business owners in northern ireland. that's for me and the d. w. business team for more, you can always go to d, w dot com slash business. all of also follow up on social media. thank you so much for watching the news . we don't see what they are there in st. even now we're here. unseen about the hidden threats we are facing. the end the heroes say to the stand

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